Technical Analysis: Gold - Wednesday, Sept. 1

US Spot Gold now has an Impulse wave up from the low, so in one way or another gold is bullish.

brass metal frame

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  • Gold Technical Analysis: The move up off the low is Impulsive (five waves).
  • Elliott Wave Gold: Primary Wave 4) in place.
  • Count1: Wave b) of 2  Count 2: Triangle;  Wave b) of B of (D) of 4)
  • Gold Trading Strategy:1830 as the tested support is the safe Risk-On Trade, that said we are currently long.
  • TradingLevels: Resistance 1830 the top of Sub-Group1. The 61.8% resistance is the 1820.

Video Length: 00:16:04

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